BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the last step of the Strategic Management Process?
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Formulating Strategies
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Implementing Strategies
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Evaluating Results
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Evaluating Weakness
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Explanation:
Detailed explanation-1: -Strategy Evaluation-Strategy evaluation is the final step of strategy management process. The key strategy evaluation activities are: appraising internal and external factors that are the root of present strategies, measuring performance, and taking remedial/corrective actions.
Detailed explanation-2: -At the end of the evaluation, you’ll have gathered insight to either reformulate the strategy or to plan and develop new ones.
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